SatVu Secures £20M Funding to Launch Thermal Imaging Satellites

SatVu, a London-based climate technology firm, has secured £20 million in strategic funding, including £10 million in equity, to further its mission of enhancing climate monitoring through advanced thermal imaging technology. The equity funding was led by prominent investors Adara Ventures and Molten Ventures, with additional support from existing backers including NOA, Lockheed Martin, Seraphim, Ridgeline, and Stellar Ventures. The investment will enable SatVu to launch its next-generation satellites, HotSat-2 and HotSat-3, scheduled for deployment in 2025.

Founded in 2016, SatVu is a leader in developing high-resolution thermal data solutions to provide actionable insights for climate monitoring. The flagship product of the company, HotSat constellation, provides thermal imaging capabilities, allowing industries and governments to gain unprecedented understanding about the global carbon emissions, energy consumption, and environmental activity. HotSat-1 is the first satellite launched in June 2023 and marks a new era for thermal monitoring with 3.5-meter resolution thermal data captured with incredible precision.

With the new funding, SatVu will fast-track the development and deployment of HotSat-2 and HotSat-3. These satellites will provide near real-time thermal data, critical for tracking energy transitions, monitoring infrastructure and economic activity, and guiding climate mitigation strategies. Data from HotSat-2 and HotSat-3 will be critical in helping governments and industries make informed decisions to address the pressing climate challenges of the future.

The company claims to be thrilled to secure funding for accelerated launches of HotSat-2 and HotSat-3 that would greatly enhance its capabilities in monitoring as well as addressing global climate and energy issues. “With support from Adara Ventures and our existing investor network, we are advancing our mission to provide industries and governments with the high-resolution thermal data they need to take decisive action on climate change. The insights from these satellites will be crucial for ensuring progress towards net-zero goals.”

SatVu advanced thermal imaging is a key technology in helping understand the impact of energy activity and emissions, providing resolutions that are crucial for these industries: energy, infrastructure, and environmental monitoring. It’s able to capture detailed thermal data, helping stakeholders to determine the energy efficiency of various systems and monitor the health of important infrastructure while helping them proactively take a step forward toward sustainable practice. The company’s thermal data solutions will be invaluable as the world moves toward a net-zero future: tracking progress and painting areas where action is needed.

The launch of HotSat-2 and HotSat-3 will bring the world closer to this goal by providing near real-time information on energy usage and emissions, which will make it easier to support efforts in building resilience. This timely data will be crucial to drive targeted action in climate policy and industry practices to shape future environmental sustainability.

The £20 million funding round is an important step in SatVu’s journey as it scales up the thermal imaging capabilities to fill the growing need for correct and timely climate data. Just as the company gets set to launch its next satellites, more support from leading investors-including the new partners, Adara Ventures and Molten Ventures-is provided in order to help SatVu make a difference in climate tech.